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Large gold nugget sold at auction

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Published: Jan. 21, 2008 at 10:39 PM

DALLAS, Jan. 21 (UPI) -- A gold nugget weighing more than 26 pounds has been sold for $1,553,500 in a public auction in Dallas.

The fabled "Boot of Cortez," a nearly 12-inch-long gold nugget weighing 389.4 ounces, was purchased in Sunday's auction conducted by Heritage Auction Galleries.

"It's the largest surviving gold nugget ever discovered in the Western hemisphere," said David Herskowitz, director of natural history for the auction house. "It was found in the Sonora Desert near Caborca, Mexico, in 1989 by a local man using a metal detector he'd just bought at RadioShack."

The more than 24-pound nugget was displayed last year in the American Museum of Natural History in New York City. The buyer is an American philanthropist who wishes to see it return to public display "in the very near future," Heritage said in a news release.

A total of 418 lots of fossils, gems and other items sold for a combined total of $4,187,227 at the auction, Heritage said.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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